8. Consider the following pairs of options. Explain which one has a higher price and why? Except where indicated, assume that all parameters are the same for both options. Option A Option B European put option with strike price $100 European put option with strike price $90 European put option with an initial stock European put option with an initial stock of price $100 of price $90 European put option where the initial stock A barrier down-and-out put option with a price is $50, and the strike price is $40 barrier of $30. 8. Consider the following pairs of options. Explain which one has a higher price and why? Except where indicated, assume that all parameters are the same for both options. Option A Option B European put option with strike price $100 European put option with strike price $90 European put option with an initial stock European put option with an initial stock of price $100 of price $90 European put option where the initial stock A barrier down-and-out put option with a price is $50, and the strike price is $40 barrier of $30